Civic Intelligence

The Poughkeepsie-Highland Railroad

EIN 14-1753502 • 501(c)3 • Poughkeepsie, NY

Profile

Through engaged stewardship, we enhance the walkway experience, support capital improvements, and deliver innovative programs that attract visitors and contribute to the economic vitality of the hudson valley.

PO Box 889Poughkeepsie, NY 12602

www.walkway.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

61st percentile

0.14x

Higher debt load relative to assets than 61% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

68th percentile

0.22x

Higher debt load relative to revenue than 68% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

26th percentile

-6.9%

Higher net margin than 26% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

20th percentile

-6.4%

Faster asset growth than 20% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

6th percentile

-46%

Faster revenue growth than 6% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,426,169

Down $98,166 (-6.4%) from 2023

Liabilities

Down

$200,789

Down $18,396 (-8.4%) from 2023

Net Assets

Down

$1,225,380

Down $79,770 (-6.1%) from 2023

Revenue

Down

$915,011

Down $764,564 (-46%) from 2023

Expenses

Down

$978,183

Down $867,664 (-47%) from 2023

Net Income

Up

-$63,172

Up $103,100 (+62%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$10M$0-$10M-$20MAssets 2010: $3,097,797Liabilities 2010: $13,361,728Net Assets 2010: -$10,263,9312010Assets 2011: $10,779,852Liabilities 2011: $11,567,032Net Assets 2011: -$787,1802011Assets 2012: $9,564,308Liabilities 2012: $10,299,292Net Assets 2012: -$734,9842012Assets 2013: $7,871,655Liabilities 2013: $8,294,520Net Assets 2013: -$422,8652013Assets 2014: $5,396,200Liabilities 2014: $3,819,528Net Assets 2014: $1,576,6722014Assets 2015: $3,946,776Liabilities 2015: $1,321,711Net Assets 2015: $2,625,0652015Assets 2016: $4,159,802Liabilities 2016: $994,223Net Assets 2016: $3,165,5792016Assets 2017: $3,313,546Liabilities 2017: $683,825Net Assets 2017: $2,629,7212017Assets 2018: $2,133,058Liabilities 2018: $475,022Net Assets 2018: $1,658,0362018Assets 2019: $970,083Liabilities 2019: $252,520Net Assets 2019: $717,5632019Assets 2020: $867,248Liabilities 2020: $259,017Net Assets 2020: $608,2312020Assets 2021: $2,039,888Liabilities 2021: $288,463Net Assets 2021: $1,751,4252021Assets 2022: $1,773,965Liabilities 2022: $384,635Net Assets 2022: $1,389,3302022Assets 2023: $1,524,335Liabilities 2023: $219,185Net Assets 2023: $1,305,1502023Assets 2024: $1,426,169Liabilities 2024: $200,789Net Assets 2024: $1,225,3802024

Highlighted filing

2024

Assets$1,426,169
Liabilities$200,789
Net Assets$1,225,380

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,145,1832010Expenses 2011: $902,5452011Expenses 2012: $961,7052012Revenue 2013: $1,897,891Expenses 2013: $1,502,589Net Income 2013: $395,3022013Revenue 2014: $3,299,208Expenses 2014: $1,111,973Net Income 2014: $2,187,2352014Revenue 2015: $2,001,465Expenses 2015: $929,660Net Income 2015: $1,071,8052015Revenue 2016: $1,608,308Expenses 2016: $1,062,068Net Income 2016: $546,2402016Revenue 2017: $1,317,128Expenses 2017: $1,129,219Net Income 2017: $187,9092017Revenue 2018: $1,310,935Expenses 2018: $1,247,328Net Income 2018: $63,6072018Revenue 2019: $479,537Expenses 2019: $1,062,553Net Income 2019: -$583,0162019Revenue 2020: $598,714Expenses 2020: $832,396Net Income 2020: -$233,6822020Revenue 2021: $2,093,682Expenses 2021: $1,007,545Net Income 2021: $1,086,1372021Revenue 2022: $937,442Expenses 2022: $1,181,745Net Income 2022: -$244,3032022Revenue 2023: $1,679,575Expenses 2023: $1,845,847Net Income 2023: -$166,2722023Revenue 2024: $915,011Expenses 2024: $978,183Net Income 2024: -$63,1722024

Highlighted filing

2024

Revenue$915,011
Expenses$978,183
Net Income-$63,172

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.43$0.20$1.23$0.92$0.98$0.06
2023Detailed filing. Detailed filing data is available for this year.$1.52$0.22$1.31$1.68$1.85$0.17
2022Detailed filing. Detailed filing data is available for this year.$1.77$0.38$1.39$0.94$1.18$0.24
2021Detailed filing. Detailed filing data is available for this year.$2.04$0.29$1.75$2.09$1.01$1.09
2020Detailed filing. Detailed filing data is available for this year.$0.87$0.26$0.61$0.60$0.83$0.23
2019Detailed filing. Detailed filing data is available for this year.$0.97$0.25$0.72$0.48$1.06$0.58
2018Detailed filing. Detailed filing data is available for this year.$2.13$0.48$1.66$1.31$1.25$0.06
2017Detailed filing. Detailed filing data is available for this year.$3.31$0.68$2.63$1.32$1.13$0.19
2016Detailed filing. Detailed filing data is available for this year.$4.16$0.99$3.17$1.61$1.06$0.55
2015Detailed filing. Detailed filing data is available for this year.$3.95$1.32$2.63$2.00$0.93$1.07
2014Detailed filing. Detailed filing data is available for this year.$5.40$3.82$1.58$3.30$1.11$2.19
2013Detailed filing. Detailed filing data is available for this year.$7.87$8.29$0.42$1.90$1.50$0.40
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.56$10.3$0.73$0.96
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.8$11.6$0.79$0.90
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.10$13.4$10.3$2.15
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 28, 2025
Return Version
2024v5.0
Gross Receipts
$1,161,228
Mission and Program Overview

Mission

Through engaged stewardship, we enhance the walkway experience, support capital improvements, and deliver innovative programs that attract visitors and contribute to the economic vitality of the hudson valley.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,102,444$1,086,793▼ $15,651
Pledges and Grants Receivable$308,760$178,421▼ $130,339
Cash and Non-Interest-Bearing Accounts$64,894$80,165▲ $15,271
Inventories for Sale or Use$10,646$7,042▼ $3,604
Land, Buildings, and Equipment, Net$5,179$4,035▼ $1,144
Accounts Receivable$8,367$3,734▼ $4,633
Prepaid Expenses and Deferred Charges$3,490$1,545▼ $1,945
Total Assets$1,524,335$1,426,169▼ $98,166
Other Assets Total$20,555$64,434▲ $43,879
Liabilities
Mortgage Notes Payable Secured by Investment Property$124,844$81,947▼ $42,897
Other Liabilities$21,641$65,118▲ $43,477
Accounts Payable and Accrued Expenses$28,315$42,034▲ $13,719
Deferred Revenue$44,385$11,690▼ $32,695
Total Liabilities$219,185$200,789▼ $18,396
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,130,150$1,075,380▼ $54,770
Net Assets With Donor Restrictions$175,000$150,000▼ $25,000
Total Net Assets Fund Balance$1,305,150$1,225,380▼ $79,770
Total Liabilities and Net Assets / Fund Balance$1,524,335$1,426,169▼ $98,166

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,035$47,061$51,096

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$1,102,444-▲ $96,130$97,500$1,086,793
2023$1,242,910$147,323▲ $127,551$400,000$1,102,444
2022$549,358$990,036▼ $112,145$175,000$1,242,910
2021$517,448-▲ $66,481$30,000$549,358
2020$496,343-▲ $24,992-$517,448
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lori RobertsonExecutive DiFT$130,000$28,413$158,413
Lori RobertsonExecutive Director-$130,000$28,413$158,413
Diane HaightDeputy DirecFT$78,293$18,480$96,773

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$699,815
Program Service Revenue
$0
Investment Income
$23,447
Other Revenue
$191,749
All Other Contributions
$462,784
Change in Net Assets
$-63,172

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,144,141
Revenue Not Reported on Financial Statements
$-229,130
Revenue Not Reported on Form 990
$75,489
Other Revenue Adjustments
$-243,411
Total Revenue per Audited Statements
$1,219,630
Total Revenue per Form 990
$915,011
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$506,882
Other Expenses$471,301
Total Fundraising Expense$199,765
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$153,112$35,726$66,348$255,186
Other Salaries and Wages$116,770$27,247$50,601$194,618
Fees for Services Other$59,948$33,608$21,957$115,513
Office Expenses$29,814$11,195$12,807$53,816
Occupancy$11,888$31,909$3,755$47,552
Payroll Taxes$20,696$4,829$8,968$34,493
Information Technology$13,952$3,255$6,046$23,253
Other Employee Benefits$13,551$3,162$5,872$22,585
Fees for Services Accounting$8,093$4,537$2,964$15,594
All Other Expenses$7,652$1,097$4,117$12,866
Interest-$10,528-$10,528
Insurance$8,523$1,003$501$10,027
Other Expenses$4,679$289$881$5,849
Conferences and Meetings$1,948$661$1,172$3,781
Depreciation Depletion$1,913$112$225$2,250
Advertising$942$59$177$1,178
Total Functional Expenses$608,188$170,230$199,765$978,183

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,224,400
Expenses per Audited Statements$978,183
Total Expenses per Form 990$978,183
Expenses Not Reported on Form 990$246,217
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$365,189
Fundraising Direct Expenses$213,590
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Mayfest$110,557$110,557$45,570$64,987
Starry Starry N$159,628$21,976$79,834$-57,858
Total Events$502,841$365,189$200,135$165,054
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-DirectorLighting ProjectNo$71,923
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease$65,118
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 4

As per the november 2024 minutes, there was a change in the bylaws which was approved during the november meeting. The change is in regards to section 6. Voting director (ambassador seat): an individual member of the board of directors elected by the members by virtue of his or her knowledge, expertise, and experience serving as a current ambassador. The voting director ambassador seat is a full board member, serving the same three (3) year term as all other board members and governed by the same election and term of directors as detailed in the bylaws.

Form 990, Page 6, Part VI, Line 6

The organization is a membership organization. Members receive the organization's newsletter and are invited to special events.

Form 990, Page 6, Part VI, Line 7A

All membership members of the organization have the responsibility to approve appointments to the governing body.

Form 990, Page 6, Part VI, Line 11B

The federal form 990 is reviewed by the finance committee during a presentation by our outside accountants. The finance committee will approve the form 990 or recommend any revisions and then take their approved form 990 to the entire board of directors for their approval prior to filing with the irs.

Form 990, Page 6, Part VI, Line 12C

A disclosure statement shall be furnished annually to the board of directors by each director and officer. The disclosure statements shall be reviewed by the board of directors or by a committee thereof. In addition, each director and officer must report promptly to the corporation any potential conflict of interest as and when it arises. Protocols to assure for the disclosures of all real or potential conflicts of interest are properly forwarded to the finance and audit committee. The interested individual may participate in the information-gathering stage of the board of directors, or committee, discussion but shall retire from the room in which the board of directors or a committee thereof is meeting and shall not participate in the final deliberation or decision regarding such contract or other transaction. Such interested individual may not vote on such contract or other transaction.

Form 990, Page 6, Part VI, Line 15A

The governance committee determines the compensation based on a comparison of other similar organizations.

Form 990, Page 6, Part VI, Line 15B

The governance committee determines the compensation based on a comparison of other similar organizations.

Form 990, Page 6, Part VI, Line 19

The governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Poughkeepsie-highland Railroad
EIN
14-1753502
Phone
8454549649
Address
PO BOX 889, POUGHKEEPSIE, NY 12602
Doing Business As
Walkway Over the Hudson

Signing Officer

Name
Lori Robertson
Title
Executive Director
Phone
8454549649
Signed
2025-07-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lori Robertson
Formed
1994
Legal Domicile
Ny
Voting Board Members
17
Independent Board Members
17
Employees
5
Volunteers
142

Preparer

Firm
Rbt Cpas Llp
Address
11 RACQUET RD, NEWBURGH, NY 12550
Preparer
Dale M Hlavacek CPA
Phone
8455679000
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item C

WALKWAY OVER THE HUDSON

Form 990, Page 1, Part I, Line 6

Walkway over the hudson organization serves as a friends group to the state park of the same name. When the derelict 1889 poughkeepsie highland railroad bridge opened in 2009 as the repurposed walkway, our volunteers became an essential part of hosting programs and events on the walkway. Volunteers greet visitors and answer questions about the bridge, parking, regional tourist attractions, restaurants and other general information. Volunteers also lead bus tours and serve as docents for many school field trips and other groups visiting the walkway. We host seniors and accommodate persons with limited mobility to ensure that they can experience the breathtaking views and serenity of this linear park 212 feet above the hudson river. With the help and enthusiasm of many volunteers we strive to be the state's "friendliest park". Volunteers also staff our weekend pavilions, selling merchandise that helps fund our programs. We welcome volunteers from throughout the region and have opportunities to volunteer on the walkway, at our pavilions, at special events or in our office. If you are interested in being a part of this wonderful volunteer effort, please go to walkway.org and click on volunteering.

Form 990, Part IX, Line 11G

Consulting 47,820 26,809 17,515 payroll service 1,397 783 512 other professional fees 10,731 6,016 3,930 total 59,948 33,608 21,957

Form 990, Part XI, Line 9

Cost of goods sold 32,627 special events 210,784 cost of goods sold -32,627 special events -213,590 total -2,806

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The walkway's endowment consists of funds held in a money market account designated by the board of directors and funds held by the community foundation of the hudson valley to function as endowments.

Schedule D, Page 4, Part XI, Line 4B

Cost of goods sold -32,627 special events -210,784

Schedule D, Page 4, Part XII, Line 2D

Cost of goods sold 32,627 special events 213,590

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm5ANITA JONES
IRS990/Form990PartVIISectionAGrp/PersonNm6JOHN STORYK EMERITUS 1222
IRS990/Form990PartVIISectionAGrp/PersonNm7MICHAEL GRAHAM EMERITUS 1222
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IRS990/Form990PartVIISectionAGrp/PersonNm17SHIRLEY RINALDI
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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt1DEPUTY DIREC
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17AMBASSADOR D
IRS990/Form990PartVIISectionAGrp/TitleTxt18RESIGNED 03/
IRS990/Form990PartVIISectionAGrp/TitleTxt19RESIGNED 01/
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